New Age Alpha Advisors LLC Acquires Shares of 28,761 Euronet Worldwide, Inc. (NASDAQ:EEFT)

New Age Alpha Advisors LLC bought a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) during the 4th quarter, Holdings Channel reports. The firm bought 28,761 shares of the business services provider’s stock, valued at approximately $2,958,000.

Several other hedge funds and other institutional investors also recently modified their holdings of EEFT. Daiwa Securities Group Inc. acquired a new stake in shares of Euronet Worldwide during the third quarter worth $109,000. FMR LLC raised its position in Euronet Worldwide by 21.1% during the 3rd quarter. FMR LLC now owns 75,216 shares of the business services provider’s stock worth $7,464,000 after buying an additional 13,093 shares during the last quarter. Bridgewater Associates LP raised its position in Euronet Worldwide by 82.8% during the 3rd quarter. Bridgewater Associates LP now owns 50,132 shares of the business services provider’s stock worth $4,975,000 after buying an additional 22,701 shares during the last quarter. CreativeOne Wealth LLC purchased a new position in Euronet Worldwide during the 3rd quarter worth $260,000. Finally, Martingale Asset Management L P lifted its stake in shares of Euronet Worldwide by 0.8% in the 3rd quarter. Martingale Asset Management L P now owns 47,788 shares of the business services provider’s stock worth $4,742,000 after acquiring an additional 398 shares during the period. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Euronet Worldwide Stock Performance

Shares of EEFT opened at $107.13 on Friday. Euronet Worldwide, Inc. has a 12-month low of $91.07 and a 12-month high of $117.66. The stock has a market cap of $4.69 billion, a P/E ratio of 16.56, a PEG ratio of 0.78 and a beta of 1.37. The company has a current ratio of 1.25, a quick ratio of 1.26 and a debt-to-equity ratio of 0.92. The company has a 50-day moving average of $101.70 and a two-hundred day moving average of $101.39.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.05 by ($0.23). Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. As a group, research analysts predict that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EEFT. Keefe, Bruyette & Woods lifted their price objective on Euronet Worldwide from $108.00 to $112.00 and gave the company a “market perform” rating in a report on Friday, February 14th. Stephens restated an “overweight” rating and issued a $130.00 price target on shares of Euronet Worldwide in a research note on Friday, February 14th. StockNews.com cut Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. Oppenheimer decreased their target price on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a research report on Thursday, December 19th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price target on shares of Euronet Worldwide in a report on Thursday, December 12th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $125.86.

Insider Buying and Selling at Euronet Worldwide

In other news, CEO Michael J. Brown sold 95,000 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $100.69, for a total value of $9,565,550.00. Following the completion of the transaction, the chief executive officer now owns 1,418,966 shares of the company’s stock, valued at $142,875,686.54. The trade was a 6.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 10.50% of the stock is owned by insiders.

Euronet Worldwide Company Profile

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. It operates through three segments: Electronic Fund Transfer Processing, epay, and Money Transfer. The Electronic Fund Transfer Processing segment provides electronic payment solutions, including automated teller machine (ATM) cash withdrawal and deposit services, ATM network participation, outsourced ATM and point-of-sale (POS) management solutions, credit and debit and prepaid card outsourcing, card issuing, and merchant acquiring services.